Originally published at: Luna Foundation’s BTC Stash Nears Tesla’s — But Is Terra’s Buying Enough For BTC To Go Higher? (Zycrypto) – We Never See Nothing
The current aggressive accumulation of Bitcoin by Terra has no doubt been a positive catalyst for the cryptocurrency’s price. So far, through The Luna Foundation Guard (LFG), over $1.7 billion of Bitcoin has been purchased to backstop Terra’s algorithmic UST stablecoin. LFG added another 2,500 BTC, worth approximately $100.4 million at the time of the…